By John Weaver, PV Magazine
RGS Energy says it expects to deliver its first POWERHOUSE solar shingles in December. RGSE projects revenue from an average POWERHOUSE kit sold to a roofer – 6.3 kW worth, including shingles, inverter, monitoring, non-electrical balance of system components and freight charges to be $19,000. The company expects a 30% gross profit margin on the product, with the overall department making $17 million on $127 million worth of sales. If these $127 million in reservations turn into orders, and the average cost per watt of the kit sticks at $2.80 per watt, then current order queue is approximately 45 MW-DC worth of product. Read more here.
- The Federal Investment Tax Credit (ITC), currently 30%, reduces the cost of the $19,000 POWERHOUSE Kit by $5,700 to $13,300.
- Established in 1978, RGS Energy is a Real Goods Solar Company that has installed over 25,000 solar energy systems for homes, businesses, schools, government facilities, and utilities across the country, totaling more than 260 megawatts.
MORE NATIONAL / GLOBAL NEWS
Global Floating Solar Capacity Surpasses 1 Gigawatt, CleanTechnica
The new hot trend in renewable energy technologies seems to be to test whether it will float, and a new report from the World Bank published last week revealed that there is currently 1.1 gigawatt (GW) worth of floating solar around the globe and that the market could potentially support up to 400 GW worth of total capacity. Photo: Floating PV Power Plant, Sungrow, in China. How Much Power is 1 Gigawatt?, DOE
- Enphase sold out into 2019, margins way up, projections bright, PV Magazine
- Lightsource BP signs PPAs for 25 MW of solar power in US, Renewables Now
“The United States is an important market for renewables and for Lightsource BP, and this announcement demonstrates the real momentum we are building across the country,” said David Windle, BP head of solar energy.
- Denmark-based Orsted adds to its U.S. wind energy assets, UPI
“We’ve built more offshore wind farms than any other developer in the world and we’ve only just begun. By 2020, we will expand our offshore wind capacity to 7.45GW, and will have offshore wind farms across Europe, in Denmark, Germany, the UK and The Netherlands,” it said.
- In Nebraska: J.M. Smucker Deal in Wayne County. The developer behind the deal is Lincoln Clean Energy (now part of Orsted), which developed about 2 GW of wind power during 2017.
NEWS FROM OTHER STATES
Voters Raise Nevada Renewables Goal to 50%, NV Energy Has $2B Plans, CleanTechnica. Nevada voters approved a measure (Question 6) to increase the renewable energy portfolio standard for state utilities from 15% in 2025 to 50% by 2030, a goal for which NV Energy is preparing with $2 billion worth of requests for proposals this year. On the other hand, Nevada voters squashed a different electricity utility measure (Question 3) with an equally lofty goal of ending the virtual monopoly for NV Energy in the state, despite substantial groundswell prior to the Nov. 6 vote. The renewable portfolio measure was an initiative backed by NextGen Climate Action, a PAC funded by economic activist Tom Steyer. The measure also was supported by the Solar Energy Industries Association (SEIA) and Sierra Club.
- SEIA Welcomes Nevada’s Approval of 50 Percent Renewable Energy Target, News Release
- Enel, Wells Fargo Sign Tax Equity Deal For HillTopper Wind Project, North American Windpower
The HillTopper wind project, whose construction investment amounts to around $325 million, is backed by three long-term power purchase agreements with Bloomberg, General Motors and Constellation. The recently announced deal with Constellation will sell energy from HillTopper to Comcast Spectacor to help power its Wells Fargo Center arena in Philadelphia.
- This co-op solar project will be owned by the community members it benefits, Fast Company
- Solar energy project to produce 100MW of renewable energy, WJTV
- Entergy to build solar energy farm, WJTV
- Solar energy farms may be built in Aurora, The Beacon-News
ENERGY STORAGE – FERC ORDER 841
Ahead of biggest energy storage rule change yet, US’ transmission network operators open up markets, Energy Storage News
Transmission system operators in the US have begun making their moves to accommodate energy storage into their wholesale markets, with New England ISO and Southwest Power Pool both making filings in the past month.
RESEARCH & DEVELOPMENT NEWS
Stanford researchers develop a rooftop device that can make solar power and cool buildings, Stanford News
A new rooftop device under development will be able to produce electricity from sunlight while also beaming heat directly into space to cool buildings.
INTERESTING ENGINEERING POST
How Does a Solar Power Plant Work?
A solar power plant is any type of facility that converts sunlight either directly, like Photovoltaics, or indirectly, like Solar Thermal plants, into electricity. They come in a variety of ‘flavors’ with each using discretely different techniques to harness the power of the sun. In this article, we’ll take a quick look at the different types of solar power plants that harness the sun’s life-giving sunlight to produce electricity.
6 tips for Thanksgiving energy savings, The Wire, OPPD Blog
Photo: Residential Energy Services Network (RESNET)
More Posts: How Does That Work?